Canada's Allied Gold Q3 gold output rises 5%
AAUC•Allied Gold's third-quarter gold production rose 5% year over year to 91,195 ounces. The company reported net earnings of $29.1 million and adjusted net earnings of $49.3 million, and expects 2026 production of 400,000 to 435,000 ounces.
1. Quarterly results
Allied Gold produced 91,195 ounces of gold in the third quarter, up 5% year over year. Higher feed grades and improved recoveries lifted production at Bonikro by 30%. Net earnings were $29.1 million, while adjusted net earnings were $49.3 million.
2. Production outlook
The company expects 2026 gold production of 400,000 to 435,000 ounces and forecasts 615,000 to 670,000 ounces in 2027 as the Kurmuk mine ramps up. Initial production at Kurmuk began in the third quarter. Allied Gold said higher transportation, fuel and consumable costs tied to geopolitical developments affected consolidated all-in sustaining costs.
3. Capital plans
Allied Gold plans a share buyback of up to 10% of its public float, pending TSX approval, and plans to initiate a base dividend in 2027.
